All of my R8 collets measure between 0.94920-0.94945", the R8 collet specification is 0.94960" but probably varies by manufacturer. I would assume the spindle diameter would be 0.9500", spindle tolerance is usually within 0.0002" but once again is manufacturer dependent. The wiggle test doesn't really tell you much, it is all what the cutter does under load. In this setting the longevity of end mills will not be an issue, under CNC conditions it would be different. I think the bottom line is if something is not fitting in a new machine, I would work out/evaluate all other options including replace the spindle, before modifying spindle to collet mating surfaces. If there was a defect then it should have been addressed by the manufacture. You also did not indicate if you remove the guide pin and if other R8 tooling did not fit. This was the differential for me when I had a problem with my initial R8 collets, other R8 tooling like drill chucks fit w/o any problems. Just my 2 cents on the issue.